Why is Meghmani Organi. falling/rising?

As of 24-Sep, Meghmani Organics Ltd is currently priced at 85.25, reflecting a decrease of 0.71, or 0.83%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days with a total decline of 1.45% in this period. Despite positive financial results over the last four quarters, including a significant growth in profit before tax and net sales, the stock has underperformed with a return of -18.34% over the past year. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation, which may contribute to the recent price decline.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark, with a 1-week return of +0.59% compared to the Sensex's -1.18%. However, the long-term outlook appears weak, as the stock has consistently underperformed against the benchmark over the last three years, with a CAGR growth in operating profits of -23.50%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation, further impacting its price movement negatively.